At one point on Thursday, the S & P 500 rose to 4020.63, an all-time high. The Nasdaq average rose 1.76%, the biggest gain in three weeks. Only Tesla fell in leading technology stocks, while chip, gold and energy stocks rose together.

Most popular US-listed stocks closed higher on Wednesday, with 30 rising and 10 falling.

The specific performances of China-listed stocks are as follows:

Among the well-known Chinese stocks:Jinshan Cloud is up nearly 12%, Zhihu is up nearly 11%, NetEase youdao is up over 9%, pinduoduo is up over 7%, bilibili is up 4.6%, who is down 5%, and Tencent Music is down 1.8%.

The larger increases are as follows:Youxin used cars are up 68%, Pearl freight is up 19%, and Qitoutiao is up 11%.

The larger declines are as follows:Huafu Education fell by 17%, Personality fell by more than 12%, Yibang International fell by 11%, and four Seasons Education fell by 7%.

Focus review

• TSMC rose 5% and invested US $100 billion in the next three years to increase production capacity.

$TSMC (TSM.US) $It is announced that the annual price reduction of wafer prices will be suspended for four quarters from December 31, 2021. And the company will invest 100 billion US dollars over the next three years to increase production capacity and support the research and development of high-end process technology.

TSMC has planned to spend as much as $28 billion on record capital expenditure this year. TSMC's fabs have been operating at more than 100% utilization over the past year, but demand is still in short supply. TSMC is hiring thousands of new employees, many new factories are under construction, and TSMC will suspend wafer price cuts for a year from early 2022.

• Pinduoduo rose nearly 8%, and accumulated 16% in the past 6 trading days.
  

$pinduoduo (PDD.US) $It closed up 7.51% on Thursday, bringing the market capitalization back to $180 billion, up nearly 16% over the past six trading days.

Prior to this, more than the pre-market release of 20Q4 results on March 17, the share price was under pressure after the performance, with a maximum pullback of 20 per cent. CICC believes that Huang Zheng's resignation as chairman of pinduoduo has a limited impact on the company's existing business and its growth space, and believes that the company is still on a healthy development track. The bank maintained pinduoduo's "outperform industry" rating and raised its target price by 5 per cent from $170to $178m.

• Jinshanyun rose 11% after a group of big banks raised their target prices.

$Jinshanyun (KC.US) $It closed up 11% on Thursday, with a market capitalization of nearly $10 billion, after being raised by Goldman Sachs, Nomura and Lyon, with the latest target prices of $65, $66 and $66, respectively.

In the fourth quarter of 2020, 17 well-known investment banks, including Goldman Sachs, JPMorgan Chase, UBS, Credit Suisse and Citigroup, all gave Jinshanyun a "buy" rating, and Jinshan Yun was selected successively in the MSCI China and FTSE Russell large-cap stocks (FTSE Russell GEIS-Large Cap) indices this quarter.

• The three swordsmen of car building went up collectively, and Weilai and Xiaopeng announced their March sales.
  

$NIO.US) $涨1.74%，$Xiaopeng Automobile (XPEV.US) $1.21%，$ideal car (LI.US) $涨1.21%。

Xilai Automobile releases delivery volume in March and the first quarter of 2021. Data show that a total of 20060 units were delivered in the first quarter of 2021, exceeding 20, 000 units in a single quarter for the first time; 7257 units were delivered in March 2021, an increase of 373.4% over the same period last year, setting a new high for monthly delivery; 1529 units were delivered by the new Lai ES8, 3152 units by the Lulai ES6 and 2576 units by the EC6.

Xiaopeng announced the delivery of 5102 cars in March, an increase of 384% year-on-year and 130% month-on-month. Of this total, 2855 units were delivered for the P7, an increase of 103% over the previous month. 2247 units were delivered for the TX G3, an increase of 176% over the previous month. Monthly delivery has doubled for nine consecutive months compared with the same period last year.

The delivery volume of Xiaopeng reached 13340 in the first quarter of 2021.

• Youxin used cars soared 68%, announcing that it had signed a letter of intent with potential investors.

$Youxin used car (UXIN.US) $Announced the signing of a binding letter of intent with two well-known Asian funds. Accordingly, potential investors have agreed to negotiate with the company to subscribe for advanced convertible preferred shares and may sign a final agreement, with a total investment of up to US $300 million in potential transactions.

Youxin used cars closed up 68 per cent on Thursday, with a turnover of $614 million and a market capitalization of $730 million, down more than 3 per cent in after-hours trading.

• The two giants of education rebounded together, with a rise of 4% in the future and 3% in New Oriental.

$good Future (TAL.US) $、$New Oriental (EDU.US) $It strengthened on Thursday, closing up 4.57% and 3.57%, respectively. Prior to this, on March 26, good Future and New Oriental closed down 7.44% and 11% respectively, and at one point fell nearly 20% in intraday trading.

The Ministry of Education said at a recent press conference that it should strictly examine and approve training institutions, strengthen the supervision of training content, innovate the management of fees, standardize training behavior, and seriously investigate and deal with illegal and illegal training. It is strictly forbidden to link the enrollment of primary and secondary schools with any form of social competition, and resolutely cut off this chain of interests.